- During the Cardano 360 show, advances on decentralization and smart contracts were revealed.
- SingularityNet is working on a domain-specific AI language called “Fire.”
- Wolfram Blockchain Labs can already read data from the Cardano blockchain; an oracle solution to send data is under development.
Last week’s Cardano 360 show was packed with information at a length of 3.5 hours. However, while the preliminary rollout plan for smart contracts received the most attention, there were plenty of other exciting announcements that have gone under the radar.
Cardano’s path to full decentralization and growth
One announcement was that Cardano’s journey to full decentralization is getting closer. Already on March 31, with the next epoch, D will be 0, which means that from that moment on all blocks will be 100% produced by stake pool operators – after Shelley was activated on July 29, 2020. However, part of the network will still be federated, as IOG operates numerous relays for Daedalus users and exchanges, so only the peer-to-peer rollout will ensure full decentralization which will come “next”.
In addition, the IOG announced that more than 1,200 developers have now signed up to participate in the Plutus devnet. There will also be a community call in early April to discuss the new IOG stake delegation for a sustainable, decentralized and diverse network. As reported by CNF, IOG wants to promote so-called “purpose pools” and “incubator pools.”
It was also revealed that Runtime Verification will release a first implementation of the IELE backend in about 6 months, marking the first step towards universality of Cardano with respect to programming languages. With Alpha Frontier, Cardano is also on its way to having a common certification standard for secure smart contracts. Last but not least, a first public demo of an Uniswap-like app running on Plutus was also revealed by Lars Brünjes.
News on partnerships with SingularityNet and Wolfram
Beyond IOG, however, partners like Ben Goertzel, the creator of SingularityNet, also had their say during the show. After announcing the start of Phase 2 of the migration to Cardano just a few weeks ago, Goertzel now revealed that his company is working on a domain-specific language for AI (artificial intelligence) called “Fire.”
At the deep technical level, I’ve been working a lot on what we call the AI DSL, the AI Domain Specific Language. This is a language for AI agents running on the SingularityNet and Cardano platforms to communicate with each other and share their properties and requirements. […] It allows multiple AIs to coordinate and collaborate to achieve their goals.
Last but not least, Jon Woodard, CEO of Wolfram Blockchain Labs announced that Cardano is now integrated with the Wolfram language, allowing Cardano transactions to be read. As a next step, Woodard’s team will work on being able to send transactions to Cardano, thus realizing an oracle solution. This will allow developers in the Cardano ecosystem to access the world’s largest source of computational knowledge.
Charles Hoskinson of Cardano (ADA) In Republic of Burundi and Zanzibar Island
Charles Hoskinson Expressed: Great meeting with his excellency President Évariste Ndayishimiye about the future of Burundi’s digital transformation.
And before Burundi, we had a wonderful meeting about the Blue Economy with President Hussein Ali Mwinyi in Zanzibar.
For clarity, just looks like Charles is on the mission. Cardano is an open platform that seeks to provide economic identity to the billions who lack it by providing decentralized applications to manage identity, value and governance. May be taking stuff to the next level.
For clarity, Burundi, officially the Republic of Burundi, is a landlocked country in the Great Rift Valley where the African Great Lakes region and East Africa converge. Burundi itself is a landlocked, resource-poor country with an underdeveloped manufacturing sector. Although Burundi is potentially self-sufficient in food production, the ongoing civil unrest, overpopulation, and soil erosion have contributed to the contraction of the subsistence economy by 25% in recent years.
Unguja, also known as Zanzibar Island, is the main island in the Tanzanian archipelago of Zanzibar. Stone Town, part of Zanzibar City, is an old trade center, with mosques and winding lanes.
Community response: I am waiting for ADA to move an inch so I see it can rise up.
1600% in one year ADA gains. You were saying something? And, it will dump now. Death cross forming.
ADA is up over 2000%. In less than a year. Lol. I’ve been here and this is how ADA runs. We’re blessed to have Charles and the team. Haters are either new or slow.
Charles should have focus on other market than Africa like Indonesia, Philippines, Pakistan.
Africa is adopting Crypto. Huge opportunities. We are growing food so long. Charles Hoskinson means business. Get on this train now. He is on an Africa tour for pushing power to the edges. Cardano is changing the world.
Presidents are elected officials, Charles is a free man, again they need Cardano not the other way round if anything they are impressing Charles as they have more to gain by utilising Cardano.
Presidents have meetings all day long. It’s their job to meet people and represent their country. It doesn’t mean they commit to something.
Please catch Nigeria, Ghana, South Africa and Egypt and all the dominoes will be set. I can’t wait to hear about Cardano‘s upcoming partnerships, with countries
South African just done. Egypt is in a few days. Nigeria and Ghana will be next time I believe.
This guy’s view of the future is to complete change the financial system, help countries and always improving.
I am glad that these countries in Africa are embracing the new technology that Cardano is bringing, and the so-called developed countries will remain at the forefront of evolution. I am proud of Africa that they have chosen the future.
Solana and Cardano Dominate As Crypto Sees Largest Weekly Institutional Inflows in History
Digital asset manager CoinShares says that last week, the crypto markets saw the biggest inflow of institutional capital ever recorded.
The crypto firm says that digital asset investment products have shattered the record for both weekly and yearly capital flows by a huge margin.
“Digital asset investment products saw inflows last week totaling US$1.47bn, the largest on record by a significant margin. The previous weekly record was seen earlier this year in February with inflows totaling US$640m.
Inflows year-to-date now sit at US$8bn, far surpassing the record in 2020 of US$6.7bn.”
CoinShares says that Bitcoin (BTC) accounted for the overwhelming majority of the funds on the back of positive sentiment stemming from the launch of the new ProShares Bitcoin futures exchange-traded fund (ETF).
“Bitcoin saw 99% of the inflows totaling US$1.45bn last week. The record inflows were a direct result of the US Securities & Exchange Commission [SEC] allowing a Bitcoin ETF investing in futures and the consequent listing of two Bitcoin investment products with inflows totaling US$1.24bn.
Inflows into Bitcoin products were also seen in other regions totaling US$138m, although there was evidence of profit-taking with some older investment products seeing outflows.”
Looking at altcoins, the asset manager says that the most notable coins seeing inflows were smart contract platforms Solana (SOL) and Cardano (ADA), as well as crypto exchange Binance’s BNB. Solana and Cardano saw $8.1 million and $5.3 million in inflows respectively, while BNB recorded $1.3 million.
Is Cardano (ADA) Slowly Becoming a Stable Coin
Someone said: Why don’t you hand over Cardano’s management to those who really have the courage to burn?
Community response: Alright, let’s have a chat about this. First off, could you please explain your position on why burning tokens is a must-do?
Yes, come on, first because ADA is turning into a stable coin. Second, it has been losing space to others, example BNB, which does exactly what? Burn! AVAX and Solana are coming with everything supply Infinitely smaller. Third, the community owns the coin, and 80% of it wants to burn.
How is ADA turning into a stable coin? Losing space? You mean market cap ranking, in which case welcome to the Altcoin world. Explain why you actually need to burn tokens. “Everybody else does it” is a pathetic reason. Get technical please.
I don’t think is a must do, but would surely help spike the price for investors. As less supply = price increase. Hooray for market manipulation.
Cardano’s “management” is with the Cardano community who decide on future plans and projects, hence the word “decentralized”. If you believe that burning coins will improve Cardano, please state the reasons how this would be beneficial for Cardano.
Burning a token just takes it away from 1. Staking, 2. Catalyst, 3. The people transacting on the network. Improving the 3 of these are what increases the value of ADA, burning tokens damages them and therefore damages Cardano unnecessarily.
We just hit a new ATH like a month ago. Chill. Charles doesn’t care about price action to begin with but also remember the fact that ADA was close to 18 cents on January 1st.
I’m hopeful for another leg or 2 up but I have never paid more than 7 cents for ADA. Stacked way back. 25x up and feeling good.
Anyone can burn their ADA if they want too. I personally feel that IOHK Charles cares more about helping people and making things better for everyone than pumping the price of ADA to make money that is why I hold and stake ADA. There is plenty of pump and dumps out there.
Burning tokens is a pathetic and craven move with zero function other than to artificially pump price. Only insecure greedy projects do this.
Burning tokens burns the utility. It’s not sustainable in long term. With SC, the tokens become time locked anyway that’s similar to token burn but in a natural way.
A sustainable system does not need to burn tokens. IMO burning tokens is a sign of failure and I hope more than 80% are against burning.
I understand the function is nearly there burn your coins first see how the price moves and buy more.